Is a smaller standard error better?
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Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
If you measure a sample from a wider population, then the average (or mean) of the sample will be an approximation of the population mean. ... The smaller the standard error, the less the spread and the more likely it is that any sample mean is close to the population mean. A small standard error is thus a Good Thing.
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Noah Wilson
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If you measure a sample from a wider population, then the average (or mean) of the sample will be an approximation of the population mean. ... The smaller the standard error, the less the spread and the more likely it is that any sample mean is close to the population mean. A small standard error is thus a Good Thing.